89
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Jan 31, 2013
01/13
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obviously, democrats would prefer a longer suspension of the debt ceiling which will provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the united states could default on its obligations every few months is not an ideal way to run government, but a short-term solution is better than another imminent manufactured crisis. every republican admit that default would rock our financial system to its core. however, injecting uncertainty in the system every few months also has a chilling effect on the economy. this insecurity doesn't just affect big investment banks or wealthy investors. it costs jobs. all around the country, ordinary americans with 401-k's and college savings accounts are affected. i'm glad republicans set aside their plan to gamble with default. it was bad politics and even worse policy. middle-class americans remember the last time republicans put us through a protracted fight over the debt ceiling in an effort to force deep cuts to social security, medicare and other programs important to the
obviously, democrats would prefer a longer suspension of the debt ceiling which will provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the united states could default on its obligations every few months is not an ideal way to run government, but a short-term solution is better than another imminent manufactured crisis. every republican admit that default would rock our financial system to its core. however,...
122
122
Jan 24, 2013
01/13
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WETA
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remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government. and fight on future spending, not on obligations already incur. >> ifill: in the inaugural address this week
remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses?...
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159
Jan 31, 2013
01/13
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KQED
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. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on its obligations as early as mid-february. in economic news, americans' personal income grew in december, by the most in eight years. but first-time claims for jobless benefits were up last week. and on wall street today, the dow jones industrial average lost nearly 50 points to close at 13,860. the nasdaq fell a fraction of a point to close at 3,142. blinding snowfall and a slick freeway triggered a mile-long series of crashes in detroit today. at least three people were killed and 20 more injured. the pileups left a section of interstate 75 littered with wrecked cars and big-rig trucks. the tangle involved some 30
. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on...
182
182
Jan 31, 2013
01/13
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WJZ
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. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on its obligations as early as mid-february. in economic news, americans' personal income grew in december, by the most in eight years. but first-time claims for jobless benefits were up last week. and on wall street today, the dow jones industrial average lost nearly 50 points to close at 13,860. the nasdaq fell a fraction of a point to close at 3,142. blinding snowfall and a slick freeway triggered a mile-long series of crashes in detroit today. at least three people were killed and 20 more injured. the pileups left a section of interstate 75 littered with wrecked cars and big-rig trucks. the tangle involved some 30
. >> obviously democrats would prefer a longer suspension of he debt ceiling which would provide additional economic security and stability as we continue to find ways to decrease the deficit. raising the possibility that the u.s. could default its obligations every few months is not an ideal way to run government but a short term solution is better than another imminent manufactured crisis. >> holman: the house already passed the bill. without it, the government would default on...
73
73
Jan 25, 2013
01/13
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CSPAN2
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i'm under the impression that the debt ceiling is to give the authority to the president to assure our progress, the each and every nickel that we would fall get it back. i also believe that we have to have some guidelines on spending in order to share with creditors and americans alike, the fact are we going to reduce unnecessary spending. having said that, some people believe we have to have this involved debt ceiling with the deficit. and, of course, that's controversial. under the system of prioritizi prioritizing, payments that some people are pushing forward, they would believe that we can determine just to we're going to pay out interest to, we get a better handle on the spending part of the fiscal dilemma. and i just want to ask dr. johnson some questions that these programs that think you pay interest on your debt is, number one, priorty. i think every family would like to pay off interest. social security, and then third, somewhere active duty military, and i think patriotic as well as political. but under the scenario, dr. johnson, will we be paying the people that we borrow
i'm under the impression that the debt ceiling is to give the authority to the president to assure our progress, the each and every nickel that we would fall get it back. i also believe that we have to have some guidelines on spending in order to share with creditors and americans alike, the fact are we going to reduce unnecessary spending. having said that, some people believe we have to have this involved debt ceiling with the deficit. and, of course, that's controversial. under the system of...
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91
Jan 31, 2013
01/13
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CURRENT
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you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country and the follies of our congress, not to be able to make a decision on this so they are withholding investment. they are sitting on piles of cash that could be plowed -- >> bill: still today? >> today. that could be plowed into reinvestment to produce products america needs and the rest of the world. >> bill: have the employers realized they can make more money with fewer employees and that is why they are not hiring? this has been going on for a while, right? >> it's oftentimes i criticize the business community for being such short-term thinkers. it's the bottom line on the quarterly if not monthly o
you hear talk about it's immigration, guns, global warming or it's the deficit, or the debt ceiling or whatever. it has been a long time since i heard people here in the congress or even from the white house talk about jobs. what is happening on the jobs front out there? it is getting any better? >> we see only a marginal improvement in some sectors of the manufacturing economy, but there's tremendous pressure upon employers right now uncertain about the economic condition of this country...